Will Mamdani crash NYC’s housing market?

New York has been losing people due to outbound migration over the last 50 years, with its share of the US population getting cut in half during that time. Meanwhile, states like Florida have grown in economic influence and population, and now have more people, housing value, and electoral votes. Will we see New York …

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NYC’s Abandoned Malls Could Become Apartments…

NYC is in the middle of a housing crisis, yet converting its dying commercial malls into apartments hasn’t been done yet… but as this type of project changes the housing market in other states, all eyes are on the big apple to see if it follows suit.

NYC’s once-bustling Flatiron District now a wasteland of empty storefronts as rampant shoplifting wreaks havoc on iconic nabe

Flatiron is in shambles. The once-thriving Manhattan business district is now a virtual wasteland littered with empty storefronts — with locals blaming spiking crime and the Big Apple’s disastrous post-pandemic retail real estate market. “Big Box” retailers — including Lowes, Bed Bath & Beyond and Staples — have fled in the last few years, leaving …

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US Banks report largest capital outflow in 40 years. NYC’s Banking Commission frozen deposits at Capitol One Bank due to insolvency fears.

Us Banks Report Biggest Capital Outflow in 40 Years According to the report, US banks lost $472 billion in deposits during the January-March period, marking the fourth consecutive quarter of industry outflows. The decline was primarily from uninsured funds, the FDIC said, noting that insured deposits actually increased by $255.1 billion, or 2.5%, amid the …

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